CERTYNEX IFRS ACADEMY

Montaubry's closing file states: "The assets of our retirement plan are exempt from IFRS 13 disclosures; therefore they need not be measured under the IFRS 13 framework." What is the error?

Retirement plan assets are excluded from the IFRS 13 scope like share-based payments.

The disclosure exemption applies only to assets with a Level 1 quoted price.

A disclosure exemption is not a measurement exemption: the item is still measured under the framework.

Retirement plan assets are never exempt from disclosures.